Treasury bills (T-bills) are exempt from the government’s planned debt swap program, according to Finance Minister Ken Ofori-Atta.
In a statement released on Sunday, December 4, 2022, he provided the assurance.
Small investors, people, and other disadvantaged groups that purchased T-bills are immune from the debt exchange exercise, according to Mr. Ofori-Atta.
“Treasury bills are completely exempted and all holders will be paid the full value of their investments on maturity.”
“There will be no haircut on the principal of bonds. Individual holders of bonds will not be affected,” he added.
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This follows government intentions to disclose all the specifics of Ghana’s domestic debt swap program on December 5, 2022, a Monday.
He claimed that restoring macroeconomic stability is what the domestic debt exchange is meant to do.
“We are confident that these measures will contribute to restoring macroeconomic stability,” Ofori-Atta said.
These measures include some exemptions and external debt restructuring parameters that will be implemented.
Source: JoyNews
